A PYMNTS Company

US: FTC grants early termination of HSR for Dominion Energy-SCANA deal

By  |  February 4, 2018

Dominion Energy and SCANA Corporation announced Friday, February 2, that their proposed combination has cleared a key condition needed for completion.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    The Federal Trade Commission (FTC) has granted early termination of the 30-day waiting period under the federal Hart-Scott-Rodino Antitrust Improvements Act with regard to the combination.

    Expiration or termination of the waiting period is one of the conditions required for completion of the transaction.

    The merger is also contingent upon approval of SCANA’s shareholders; review and approval from the public service commissions of South Carolina, North Carolina, and Georgia; and authorization of the Nuclear Regulatory Commission and Federal Energy Regulatory Commission.

    Full Content: New York Business Journal

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.